Ryan Gilmer, CFA, CMT Chief Investment Officer

Ryan Gilmer, CFA, CMT's Blogs

April Market Recap - Is It Time to "Sell High"?

Here is a recap of market performance for the month of April and year-to-date: Stocks appreciated in April, with US large cap up over 5%, international stocks following close behind, and US small cap behind both. During this timeframe, bonds have rebounded and posted positive returns. Year to date, all stock categories are positive, and small cap stocks leading the way. Bonds are still negative on the year.
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April Mid-Month Update

Yesterday marked the typical annual observance of tax day. Even though this year the tax deadline has been extended to May, we are still celebrating.
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First Quarter Market Recap

After a dramatic and emotional year for financial markets in 2020, stocks and bonds have taken divergent paths to begin 2021. Stocks have continued to climb higher, while the price of bonds has declined. This is a result of higher economic growth exp
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March Market Recap – How Important are Dividends?

Here is a recap of market performance for the month of March and year-to-date. Stocks increased during the month of March, with US large cap and international stocks leading the way. US small stocks were positive, but lagged for the month. Year to date, small cap is the clear leader, while large cap and international have also posted impressive returns. Bonds continued to struggle for both the month and the year, having negative returns over both timeframes.
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February Market Recap

We hope you are doing well. Here is a recap of market performance for the month of February and year-to-date: Stocks increased during the month of February. US small stocks performed best, followed by US large cap and international stocks. Bonds, however, have lost money both for the month and the year, as interest rates continued to rise.
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Mid-February Market Update

We hope you are doing well. Here is a recap of market performance for the month of February so far:
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January Market Update

We hope you are doing well. Here is a recap of market performance for the month of January: Stocks were a mixed bag in January. US small stocks increased for the month, while US large and international stocks declined. Bonds were also down, as intermediate and long-term interest rates increased.
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A Year In Review: 2020 Market Recap

Viewed through almost any lens, 2020 was a historic and incredible year. And now it’s over. Let’s take a look back at what happened over the last 12 months in the market.
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December Market Update

We hope you are doing well. Here is a recap of market performance for the month of December, and 2020 year-to-date. Stocks had another positive month in December. US small cap outperformed large cap and international stocks, which were also positive. Bonds were relatively unchanged. As you can see from the table above, all four of the major benchmarks we track had solid returns for 2020, despite high levels of volatility at the beginning of the year.
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Noember Market Update

We hope you are doing well. Here is a recap of market performance for the month of November, and year-to-date:
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November Mid-Month Update

We hope you are doing well. Here is a recap of market performance for the month of November so far, and year-to-date: For the month, stocks are significantly higher, with US small cap and international stocks up double digits. US large caps are also firmly positive, while bonds are slightly up. For calendar year 2020, the S&P 500 remains the leader, and bonds are second best.
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October Market Update

We hope you are doing well. Here is a recap of market performance for the month of October and year-to-date:
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October Mid-Month Update

We hope you are doing well. Here is a recap of market performance for the month of October and year-to-date:
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Third Quarter 2020 Market Update

In the third quarter, stocks continued to go up, regardless of where you looked. US large cap, small cap, and international stocks all increased. Bonds lagged behind, but still had positive returns.
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Weekly Market Update - October 5th

We hope you are doing well. We’ve attached a quarterly review video that discusses the following: How did major asset classes perform in the third quarter? What is the outlook for the fourth quarter and the election?
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September Market Update

Here is a recap of market performance for the month of September and year-to-date. September and year-to-date equity returns were opposites of each other. For the year, the S&P 500 has outperformed international and small cap stocks. During September, the S&P 500 trailed them both. Bonds were the best performer last month, and also for the year.
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September Mid-Month Update: What returns can I expect?

We hope you are doing well. Here is a recap of market performance for the month of September and year-to-date. So far this month, many stocks have declined, with the S&P 500 leading the way down. Small cap stocks have declined less than the S&P 500, while international stocks and bonds are essentially unchanged. Despite this decline, the S&P 500 remains the leader for the year so far with regard to stock investments. Bonds are also firmly positive.
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August Market Update

We hope you are doing well. Here is a recap of market performance for the month of August and year-to-date
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Weekly Market Update - August 21

This week, the S&P 500 reached both an intraday all-time high and closing all-time high, before going down. Since March, we have been consistently and gladly reporting stock gains in these communications. While a rising market in a bad economy
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Weekly Market Update - August 14

The S&P 500 Index achieved its all-time closing high on February 19, 2020 at 3386. This week, the market continued to approach this level. The following graph, from Strategas Research, is split into two sections. The top shows the following
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Your Weekly Market Update - August 7

This week, the S&P 500 trended higher, continuing the positive momentum which has consistently persisted since March 23rd. So far this year, we’ve seen a continuous array of emotional and divisive events, and plenty of volatility
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Weekly Market Update - July 17

In the market this week, stock returns were roughly flat, although the S&P 500 did rally back to its most-recent high at 3,232, which it first achieved on June 8th. Since that time period six weeks ago, we have seen two brief market corrections
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Weekly Market Update - June 26

In market news, stocks fell sharply on Wednesday, down over -2.5%, but then rose over the remainder of the week and finished the week roughly flat.
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Your Weekly Market Update - June 5

Stocks rallied this week, continuing their strong advance since the most-recent low on March 23rd. While we have seen improvement and progress regarding COVID-19, much of this rally happened before these positive developments. This rally has also
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May Market Insight

Stocks continued to rebound strongly in May, led by the Russell 2000 (US small company stocks). The S&P 500 and the MSCI World Ex-US (international stocks) were also up to a lesser extent. The Bloomberg Barclays Aggregate Bond index was slightly up as well.
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Weekly Market Update - May 22

We hope you are well and ready to enjoy a beautiful holiday weekend. After declining last week, the S&P 500 increased this week and continues to trade inside a range of 2850-3000.
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Weekly Market Update - May 15

We hope this finds you well, and exploring more outside your home, or at least the sunny outdoors. This week, the S&P 500 declined, and bigger picture: has continued to move sideways over the trailing month, from the middle of April until now.
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Weekly Market Update - May 8

The S&P 500 continued its grind higher this week – we have continued to see market volatility trending lower as markets have digested much of the current economic fallout from the coronavirus pandemic.
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April Market Insight

Year to date, the low point of the S&P 500 happened on March 23rd. Since that time, stocks have rallied in spite of a host of negative announcements on the economy and record high unemployment.
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Your Weekly Market Update - April 24

We hope this finds you well. Here is a recap of this week’s performance in the S&P 500:
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Your Weekly Market Update - April 17

We hope this finds you well – and don’t worry, we are almost certain this is the last snowfall of the spring! Here is a recap of this week’s performance in the S&P 500
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Weekly Market Update - April 10

We hope this finds you well as we enter the Easter holiday weekend! We had a strong rally in stock markets this week. Here is a brief return summary:
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March Market Insight

We hope this finds you well. We will have another post at the end of the week, but for now we wanted to give an update on market performance for the month and year to date
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A Breath of Fresh Air in the Stock Market

We hope you are staying safe and well! Recently, life has been awkward and uncomfortable for all of us. The past few weeks have not been fun. However, we do believe the drastic measures that have been implemented by state governments are ultimately
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W&H Weekly Market Update

The recent coronavirus pandemic, and resulting panic, has affected every aspect of our lives – our portfolios, social interactions, expressions on social media, schools, recreation, and stress levels. We are still learning much about the virus
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Bear Markets Bounce

It’s been a historic week to say the least! Schools, professional sports, concerts, and many other social events have been canceled or postponed. Even going to the store has become a stressful event. If you are feeling perplexed, confused,
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Some thoughts on the current market volatility

As you have probably heard, stock markets have remained volatile in March. Currently, the S&P 500 is down over 19% from its all-time high in February through its low yesterday afternoon. While market corrections are a normal part of investing,
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November 2019 Market Insight

What happened in November? U.S. stocks continued to have positive returns. Large cap stocks, measured by the S&P 500 were up 3.63% in November. Small stocks, measured by the Russell 2000 were up 4.12%. International stocks, measured by the...
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